Commodity market trading is something that demands a lot of practise. Just like how a sportsperson would train for success, in commodity market trading too, consistent knowledge building and dedication is important. It is an art that could take a long time to master, and your best guide is the mistakes others have made in the past. This will help you avoid the common pitfalls and learn without making the same mistake yourself. Let’s look at the top 5 trading mistakes you should avoid to become a successful trader.
What is commodity trading?
A commodity market is where primary economic sector commodities are traded, like how stocks are traded in a stock market. These commodities could include sugar, fruit and even mined goods such as gold, silver etc. The trades happen based on the price of these commodities, and both retail and institutional investors have access to the same.